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Looking for good luck in the West End, billionaire developer Stephen Ross and Related companies Getting ready to roll the dice and bid on a licensing program for New York City’s first casino.
Looking to set up blackjack at Hudson Yards next to Javits Center, Related plans to partner with Wynn Resorts to build a full-service casino in the West Yards area between W30th and W33rd Streets and 11th and 12th Avenues (Bloomberg).
“Western Yards provides an ideal vacation destination that will revive our tourism economy and generate billions in tax revenue for the city and state,” Say Related companies CEO Jeff Blau said in a statement.
“Wynn Resorts has a long history of utilizing compact, upscale casino floors to support the creation of spectacular resort experiences that attract We’ve had a lot of guests — travelers and locals alike.” “We look forward to engaging with the community and hearing what’s expected of us as we grow.”
The area, which will be part of the Western Rail Yards in the company’s $25 billion Hudson Yards development, has a rare spare space big enough to house a working Manhattan casino. Casino executives and real estate tycoons have been clamoring for space after lawmakers approved as many as three casino licenses in the New York City area (According to the New York Times).
If Ross hopes to open the first full-service Big Apple casino (the closest facility is Resorts World, currently at the Aqueduct Racetrack in Queens, which offers video slots only), he’ll need to beat other billionaires. Every Mets owner Steven Cohen has plans of his own to build a casino near Citi Field in partnership with Hard Rock Resorts and Casinos, giving Mets fans another way to spend, according to The New York Times. .
While the approval of the casino license won’t be finalized until early next year, the next step for the developer is to appear before the yet-to-be-announced gaming facility siting committee, which will be made up of Governor Hochul, Mayor Eric Adams and Borough President Mark C. Levin’s office, as well as local city council members, councillors and state senators (in the case of Hudson Yards, Eric Boucher, Richard Gottfried’s successor and Brad Holman).
While Mayor Adams’ office has expressed support for New York City’s casino industry, state Senator Brad Holman Tell “Related and Wynn have a steep mountain to climb to convince local residents that the Hudson Yards casino is in their best interests,” The New York Times said.
The Western Yards and Hudson Yards areas also faced a number of false starts.also Olympics and New York Jets football stadium bids faila once-high-profile plan to fill 220 acres of the Hudson River with landfill to create mixed-use West Road Project It was cancelled in 1985, citing high costs and environmental concerns.Ross himself has recently faced resistance to a West End takeover, failing to convince James Dolan and the team at Madison Square Garden Move the hallowed grounds to Hudson Yards (and above the as-yet-approved casino). For now, Game Center still appears to be a gamble.
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